Iron ore enters festive season with little to celebrate as prices dip to historic lows

With Hongmei Li

December 01, 2015 08:02:38 EST (3:21)

Seaborne iron ore prices hit $42.50/dmt CFR North China on November 30, the lowest ever recorded since Platts started assessing it in 2008. In this video, Platts senior editor for steel Hongmei Li takes a closer look at how the slowdown in China's economic growth is affecting the iron ore and steel markets, the winter season's impact on production, as well as the market's expectation on prices as the year comes to a close.

Platts Steel Markets Daily is a leading source for iron ore prices, scrap metal prices, and iron ore news. It is the only publication that publishes global metallurgical coal spot prices on a daily basis and contains two iron ore price benchmark assessments in one report: Platts IODEX and TSI 62% iron ore.